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WAL-MART STORES, INC., REPORTS RECORD SALES AND INCOME FOR FOURTH QUARTER AND YEAR ENDED JAN. 31, 1993

 BENTONVILLE, Ark., Feb. 23 /PRNewswire/ -- Wal-Mart Stores, Inc., (NYSE: WMT; PSE) today reported record sales and profits for the fourth quarter and year ended Jan. 31.
 Unaudited sales were $55,483,771,000, up from $43,886,902,000 a year ago, a 26 percent increase. Unaudited net income increased 24 percent to $1,994,794,000, up from $1,608,476,000 a year earlier.
 On Jan. 22, the company announced a 2-for-1 stock split in the form of a 100 percent stock dividend. The stock dividend is to be distributed on Feb. 25. Therefore, all per share earnings numbers are reported on a pre-split and post-split basis.
 Net income per share was $1.74 ($.87 post-stock split) for the year ended Jan. 31, as compared with $1.40 ($.70 post-stock split) per share a year earlier. Return on the beginning of the year shareholders' equity was 29 percent as compared with 30 percent a year earlier.
 Fourth quarter sales increased 26 percent to $17,122,072,000 from $13,638,860,000 in the same quarter last year. Net income increased 24 percent to $749,587,000 from $602,430,000 in the prior year's final quarter.
 For the year, the LIFO method reduced net income $24,633,000, or two cents per share (one cent post-split), as compared with $45,640,000, or four cents per share (two cents post-split) last year.
 David Glass, president and chief executive officer, commented: "We are pleased to report another record year in both sales and earnings. Our associates once again demonstrated that they are the secret to our success achieving these record results as well as an 11 percent comparable store sales growth in a very low inflationary environment."
 In the fourth quarter, the company opened 76 new Wal-Mart stores and 13 Sam's Clubs for a net addition of 12,257,019 square feet of retail floor space. This year, 161 new Wal-Mart stores (one was closed) and 48 Sam's Clubs have added 30,962,730 square feet.
 At Jan. 31, the company had 1,880 Wal-Mart stores (includes 30 Supercenter stores), and 256 Sam's Clubs, compared with 1,720 Wal-Mart stores (includes six Supercenter stores), and 208 Sam's Clubs at the same time last year.
 Wal-Mart operates in a 45-state trade territory and its securities are listed on the New York and Pacific stock exchanges.
 WAL-MART STORES, INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENTS OF INCOME
 (Unaudited)
 (In thousands, except per share earnings)
 3 mos. ended 1/31/93 1/31/92
 Sales $17,122,072 $13,638,860
 Other income 148,171 121,772
 Total revenue 17,270,243 13,760,632
 Cost of sales 13,616,929 10,845,128
 Operating, selling and
 general and administrative
 expenses 2,386,291 1,886,771
 Interest costs:
 Debt 41,561 30,262
 Capital leases 35,641 42,233
 Total costs and expenses 16,080,422 12,804,394
 Income before income taxes 1,189,821 956,238
 Provision for income taxes 440,234 353,808
 Net income $ 749,587 $ 602,430
 Earnings per share:
 Pre-stock split $ .65 $ .52
 Post-stock split $ .33 $ .26
 Avg. number of common shares:
 Pre-stock split 1,149,764 1,153,172
 Post-stock split 2,299,528 2,306,344
 Year ended 1/31/93 1/31/92
 Sales $55,483,771 $43,886,902
 Other income 500,793 402,521
 Total revenue 55,984,564 44,289,423
 Cost of sales 44,174,685 34,786,119
 Operating, selling and
 general and administrative
 expenses 8,332,684 6,684,304
 Interest costs:
 Debt 142,649 113,305
 Capital leases 168,207 152,558
 Total costs and expenses 52,818,225 41,736,286
 Income before income taxes 3,166,339 2,553,137
 Provision for income taxes 1,171,545 944,661
 Net income $ 1,994,794 $ 1,608,476
 Earnings per share:
 Pre-stock split $ 1.74 $ 1.40
 Post-stock split $ .87 $ .70
 Avg. number of common shares:
 Pre-stock split 1,149,341 1,152,579
 Post-stock split 2,298,682 2,305,158
 -0- 2/23/93
 /CONTACT: Paul Carter, 501-273-4184 or Randy Laney, 501-273-4148, both of Wal-Mart Stores/
 (WMT)


CO: Wal-Mart Stores, Inc. ST: Arkansas IN: REA SU: ERN

RA-BR -- AT001 -- 9218 02/23/93 07:52 EST
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Date:Feb 23, 1993
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